In January 2013, one could buy a Bitcoin for about $13. By late November, one Bitcoin would have set a buyer back over $1100. Steve Hanke Read Quote
Although floating and fixed rates appear dissimilar, they are members of the same freemarket family. Both operate without exchange controls and are free-market mechanisms for balance-of-payment adjustments. Steve Hanke Read Quote
Mercantilism was an insidious economic theory that held Europe in its thrall in the 16th, 17th and 18th centuries. Steve Hanke Read Quote
With interest rates artificially low, consumers reduce savings in favor of consumption, and entrepreneurs increase their rates of investment spending. Steve Hanke Read Quote